NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm, P.A. announces that a class action lawsuit has been filed on behalf of purchasers of IEC Electronics, Corp. (NYS: IEC) stock during the period between February 8, 2012 and May 21, 2013, seeking to recover damages for violations of the federal securities laws.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, IEC was improperly accounting for work-in-process inventory for one of its subsidiaries which caused the IEC to overstate its gross profit in violation of SEC reporting rules and accounting standards. The complaint alleges that when this adverse information entered the market the price of IEC stock dropped, damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than August 27, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.